Fortune Shoes Balance Sheet Health
Financial Health criteria checks 3/6
Fortune Shoes has a total shareholder equity of BDT2.3B and total debt of BDT536.0M, which brings its debt-to-equity ratio to 23.1%. Its total assets and total liabilities are BDT3.1B and BDT828.0M respectively. Fortune Shoes's EBIT is BDT77.9M making its interest coverage ratio 1.8. It has cash and short-term investments of BDT152.8M.
Key information
23.1%
Debt to equity ratio
৳536.04m
Debt
| Interest coverage ratio | 1.8x |
| Cash | ৳152.77m |
| Equity | ৳2.32b |
| Total liabilities | ৳827.96m |
| Total assets | ৳3.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FORTUNE's short term assets (BDT2.3B) exceed its short term liabilities (BDT656.6M).
Long Term Liabilities: FORTUNE's short term assets (BDT2.3B) exceed its long term liabilities (BDT171.4M).
Debt to Equity History and Analysis
Debt Level: FORTUNE's net debt to equity ratio (16.5%) is considered satisfactory.
Reducing Debt: FORTUNE's debt to equity ratio has increased from 2.6% to 23.1% over the past 5 years.
Debt Coverage: FORTUNE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FORTUNE's interest payments on its debt are not well covered by EBIT (1.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/28 06:11 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Fortune Shoes Ltd. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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